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Sri Lanka seeks a 13.6% power price hike to cover a $158M shortfall, citing rising costs and low revenue.
Sri Lanka’s Ceylon Electricity Board has requested a 13.56% electricity tariff increase for April–June 2026 to address a projected 15.8 billion rupee deficit, citing rising costs and insufficient revenue.
The board estimates expenses of 136.5 billion rupees, with current tariffs covering only 116.9 billion, despite a 3.8 billion rupee surplus carryover.
The hike aims to maintain financial stability and reliable power supply, with forecasted generation at 4,578 GWh and sales at 4,230.3 GWh.
The Public Utilities Commission of Sri Lanka will review the proposal.
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Sri Lanka busca un aumento del precio de la electricidad del 13,6% para cubrir un déficit de $158 millones, citando el aumento de los costos y los bajos ingresos.